PPP Loan information for Molon excavating inc.

$797,660

Molon excavating inc. was initially approved for PPP Loan of amount $797,660, the current approved amount is $797,660. The loan was approved on 02/06/2021 by The Independent Bank reported 70 jobs and $797,660 was used to fund payroll.

Molon excavating inc. is Existing or more than 2 years old

PPP Loan Search / MI / Traverse City / Molon excavating inc.

MOLON EXCAVATING INC.

Date Approved

02/06/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MOLON EXCAVATING INC.

Borrower Address

125 Buckshot Dr

Borrower City

Traverse City

Borrower State

MI

Borrower Zip

49685-7000

Loan Status Date

11/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

797660.00

Current Approval Amount

797660.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Traverse City

Project County Name

GRAND TRAVERSE

Project State

MI

Project Zip

49685-7000

CD

MI-01

Jobs Reported

70

NAICS Code

236117

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

797658.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

802839.33

Forgiveness Date

10/06/2021

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